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Thursday, July 12, 2012

Qualcomm Backs Indian E-commerce Firm

San Diego-based Qualcomm has backed an online e-commerce company in India, Big Shoe Bazaar India Pvt Ltd.. According to Big Shoe, it has raised INR 100 Cr. (approximately $1.8M US) in a Series C funding round, which was led by Fidelity Growth Partners India, and Qualcomm, via Qualcomm Ventures. Other investors in Big Shoe include Nexus Venture Partners and Catamaran. Big Shoe runs Yebhi.com, an online retailer of shoes, footwear, apparel, and other related products. Qualcomm has an Indian arm of Qualcomm Ventures, which covers both India and Israel.